Part 5/10:
In response to mounting losses, Disney has announced widespread layoffs across its divisions. Most recently, Disney's Pixar Animation announced it will lay off about 14% of its workforce—approximately 200 of its roughly 1,300 employees. This move is part of a broader effort to cut costs, with reports indicating Disney plans to eliminate around $27 billion from its annual budget in 2024.
This restructuring underscores Disney's shifting priorities, with a focus on producing fewer streaming series and more traditional feature films. However, the underlying issues—content that fails to engage audiences and costly bloated production budgets—continue to plague the company.